Gold prices were down by 0.73 per cent to Rs 26,169 per 10 grams in futures trading today after participants offloaded partial positions amid weak cues from global markets.
At the Multi Commodity Exchange, gold for delivery in December month contracts declined by Rs 193, or 0.73 per cent, to Rs 26,169 per 10 grams in a business turnover of 436 lots.
Likewise, the metal for delivery in far-month February next year shed Rs 166, or 0.62 per cent, to Rs 26,636 per 10 grams in 152 lots.
Market analysts said trimming of positions by speculators tracking a weak trend in overseas markets mainly put pressure on the precious metal at futures trade here.
Globally, gold traded 0.40 per cent lower at USD 1,192.95 an ounce in Singapore today.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.